Archive | August, 2005

Hurricane raises fears of global energy crisis

Fears of an international energy crisis mounted yesterday as the scale of human and economic devastation caused in the southern US by Hurricane Katrina became fully apparent. The death toll more than 100 in official tallies was expected to rise much higher, with the mayor of New Orleans warning that the number of dead in […]

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Oil’s Cloud Over Global Economy

By Desmond Lachman – WASHINGTON, DC (Business Day) — A dangerous myth is stalking international economic policy-making circles. It is the notion that rising oil prices will not be a drag on global economic growth because they are mainly a reflection of buoyant world demand rather than of any serious supply disruption. If policy makers […]

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Q&A: CME Weather Derivatives

CT – with respect to the commercial interest in weather futures, where does the CME expect the bulk of demand to come from — from which industries — name the top three or four sources of demand? CME – We’re seeing the most interest in our products today from the energy, reinsurance and financial markets […]

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Bear Stearns teams with Charles River to deliver FX trading

US bank Bear Stearns has teamed with Charles River Development to provide money managers with real-time FX trading capabilities via the Financial Information eXchange (FIX) Protocol. Charles River says it has developed an FIX-compliant interface for its investment management system (IMS) that will link to Bear Stearns’ Forex trading system. The interface is designed to […]

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The II International Derivatives and Financial Market Conference gets underway in Campos do Jordão

Conference attracts renowned economists, financial analysts and risk managers The II International Derivatives and Financial Market Conference began Wednesday, August 24th. The inaugural dinner was held at the Cláudio Santoro Auditorium, in Campos do Jordão, Brazil. Approximately 700 people are participating in the event. Economist Paul Krugman opened the plenary sessions and roundtables, on Thursday, […]

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The rest of the world

By Scott D. Gillette – It’s difficult to live in America and find out what is going on in the rest of the world. When was the last time the major cable stations had a lengthy story about Ecuador, South Africa or Thailand? BBC News and the Internet are the only ways you are going […]

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Hard Prices for African Softs

There has been an upturn in commodity prices since 2002 reflecting robust demand and supply-side capacity constraints in producing countries. Last year, agricultural commodities registered a 10.5% annual increase, and the outlook for this season, according to Moin Siddiqi, is equally healthy. Strong markets have fuelled economic growth in commodity- exporting countries in recent years. […]

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China Derivatives Forum in Shanghai

CHICAGO and SHANGHAI, Aug. 22 /PRNewswire-FirstCall/ — Chicago Mercantile Exchange (CME), the Shanghai Futures Exchange and the Shanghai Stock Exchange today announced that they will jointly host the “China Financial Derivatives Forum” in Shanghai, Sept. 26-27, 2005. The Forum will provide a unique opportunity for senior government officials, regulators and global industry experts to share […]

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Money Men Stay Bullish Despite Gold’s Steep Drop

By Jon Nones and Tim Wood – St. LOUIS (ResourceInvestor.com) — Gold futures closed at their lowest level in a week after dropping as much as $7 during today’s trading to close with a loss of $6.30. A sharp decline in crude prices and a firm dollar were major contributors. “Now, with the market closing […]

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More crop for the drop

By Henry I. Miller – The worst East Central U.S. drought in almost 20 years is decimating harvests of corn and soybeans, threatening farmers’ economic survival and disrupting commercial shipping on several of the region’s busiest waterways. The dry spell, now in its fifth month, is scorching some of America’s most productive farmland and draining […]

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